Has your insurance gone up?
Discussion
Just had my renewal through for the Saab 93 Aero convertible. 53, 3 years bonus this year. Up from £248 to £292 FC. Stuck my details into the normal comparison sites and got it down to £220. Went to their own website and got it down to £188 with £150 excess.Officially an old git now so now a Saga customer 🤣
Just had my reminder through this week. Tesla Model 3 RWD, has been £400ish for the last two years and renewal price now £690 with LV.
All comparison sites coming through with the same ball park figures. No claims, no convictions, 9+ years no claims, off street parking, not living in Bradford etc etc.
My mum had similar on her pensioner spec Vauxhall Agila going from £337 to £598 with no changes in circumstances other than being one year older.
Is this more jumping on the inflationary bandwagon?
All comparison sites coming through with the same ball park figures. No claims, no convictions, 9+ years no claims, off street parking, not living in Bradford etc etc.
My mum had similar on her pensioner spec Vauxhall Agila going from £337 to £598 with no changes in circumstances other than being one year older.
Is this more jumping on the inflationary bandwagon?
I received the renewal for my F30 BMW 330d xDrive.
I paid £900 last year, the renewal is £1,500 this year. The best quote on comparison site(s) is £1,250 from a no-name insurance company with a telematics box fitted. If I want a reputable insurance company and no black box, it’s £1,400.
All of my details have remained the same.
I paid £900 last year, the renewal is £1,500 this year. The best quote on comparison site(s) is £1,250 from a no-name insurance company with a telematics box fitted. If I want a reputable insurance company and no black box, it’s £1,400.
All of my details have remained the same.
My renewal from Axa was £296 up £60 from 2022, I'am now with Carole Nash £237 for £1 more.
What I did...Compare The Market get a quote use the reference number and call them, ask if the person on the phone if they can make the price better, they usually have a bit of discount to offer to seal the deal 99% of the time this works and it did today by £30.
What I did...Compare The Market get a quote use the reference number and call them, ask if the person on the phone if they can make the price better, they usually have a bit of discount to offer to seal the deal 99% of the time this works and it did today by £30.
smashy said:
Geez I am bricking it, my 18 plate 335d with 14 yrs ncb and no points was £1000 last year.
It,s all about the postcode really isn't it.
BD postcode, put some plates into CTM for 430d/335d/m240i, and it came out at £850/1083/950. Just did a check on my current commuter Mazda3 and its gone from £220 to £330. Frankly, it just makes the already increased costs of changing car, plus increased costs of living already unmanageable. All these companies are jumping on the increased profit bandwagon, and on something that you HAVE to have to exist, its a huge impact to standards of living.It,s all about the postcode really isn't it.
ToastMan76 said:
smashy said:
Geez I am bricking it, my 18 plate 335d with 14 yrs ncb and no points was £1000 last year.
It,s all about the postcode really isn't it.
BD postcode, put some plates into CTM for 430d/335d/m240i, and it came out at £850/1083/950. Just did a check on my current commuter Mazda3 and its gone from £220 to £330. Frankly, it just makes the already increased costs of changing car, plus increased costs of living already unmanageable. All these companies are jumping on the increased profit bandwagon, and on something that you HAVE to have to exist, its a huge impact to standards of living.It,s all about the postcode really isn't it.
BD postcode too. Managed to alleviate the pain by shopping around. Using multiple comparison sites and ringing around. It’s a ball ache having to do this every year for 3 household cars, but it makes a difference.
ToastMan76 said:
smashy said:
Geez I am bricking it, my 18 plate 335d with 14 yrs ncb and no points was £1000 last year.
It,s all about the postcode really isn't it.
BD postcode, put some plates into CTM for 430d/335d/m240i, and it came out at £850/1083/950. Just did a check on my current commuter Mazda3 and its gone from £220 to £330. Frankly, it just makes the already increased costs of changing car, plus increased costs of living already unmanageable. All these companies are jumping on the increased profit bandwagon, and on something that you HAVE to have to exist, its a huge impact to standards of living.It,s all about the postcode really isn't it.
I paid less this year for my insurance, but I did up the excess a bit. The renewal was more than last years price, but oter quote were cheaper. Been with the same company for 7 years or so now, but its always get the renewal, check online, and phone up and say its cheaper else where, which it is but they always get close enough to be fine. I'm paying £192 this year.
Dingu said:
That’s all well and good but it’s covering costs.
Thats the excuse, but in reality they are just pushing their margins up. Last years ‘losses’ are sunk, after all you dont get the reverse when they make increased profits therefor much cheaper premiums the following year. Admiral increased premiums 44% this year, make 4% more profit on 380k less policies. Its nothing more than profiteering.ToastMan76 said:
Dingu said:
That’s all well and good but it’s covering costs.
Thats the excuse, but in reality they are just pushing their margins up. Last years ‘losses’ are sunk, after all you dont get the reverse when they make increased profits therefor much cheaper premiums the following year. Admiral increased premiums 44% this year, make 4% more profit on 380k less policies. Its nothing more than profiteering.ETA: Just checked and in H1 ‘23 they reported a loss ratio of 60.1% against 59% in ‘22. So a higher proportion of said increased premium is being spent on claims. Or, the price rises accurately reflect the claims inflation more or less (a bit less to be accurate).
Edited by Dingu on Sunday 10th September 12:21
ToastMan76 said:
Dingu said:
That’s all well and good but it’s covering costs.
Thats the excuse, but in reality they are just pushing their margins up. Last years ‘losses’ are sunk, after all you dont get the reverse when they make increased profits therefor much cheaper premiums the following year. I replaced a car on my policy recently
same model but newer, higher value, higher spec, higher performance.
barely went up at all.
I am not sure what happens on a mid term though, if you change after 9 months do you get prices as if you had insured it 9 months ago, or do you get today's pricing, if i am on old pricing then I can understand it but otherwise it doesn't look like my renewal will go up much.
same model but newer, higher value, higher spec, higher performance.
barely went up at all.
I am not sure what happens on a mid term though, if you change after 9 months do you get prices as if you had insured it 9 months ago, or do you get today's pricing, if i am on old pricing then I can understand it but otherwise it doesn't look like my renewal will go up much.
Mine went up 25% - GoCompare and Compare the Market didn't come back with anything much. Confused.com came back with something a little better - left Esure for the AA.
For the same price also got AA basic breakdown and £20 of Shell fuel - not renewing my RAC cover in December which was £105 last year so a little win.
For the same price also got AA basic breakdown and £20 of Shell fuel - not renewing my RAC cover in December which was £105 last year so a little win.
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